Saxo Review
Overall Rating
4.7 / 5
Fees
4.5 / 5
Safety
4.7 / 5
Platforms
4.7 / 5
Education
4.6 / 5
Min. deposit
$0
Saxo — At a Glance
- Regulation
- FSA (Denmark, Europe), FCA (United Kingdom), ASIC (Australia), MAS (Singapore), FINMA (Switzerland), SFC (Hong Kong), FSA (Japan), CONSOB (Italy), National Bank of Belgium (Belgium), FSMA (Belgium), Bank of Brazil (Brazil), Czech National Bank (Czech Republic), Central Bank of U.A.E (United Arab Emiorates), Banque de France (France), AFM (France)
- Broker Type
- STP, ECN, Market Maker, DMA
- Minimum Deposit
- $0
- Payment Methods
- Bank Transfer, Debit Cards
- Account Currencies
- AED, AUD, CAD, CHF, CNH, CZK, DKK, EUR, GBP, HKD, HUF, INR, ILS, JPY, MXN, NOK, NZD, PLN, SEK, SGD, ZAR, TRY, USD
- Assets Offered
- Forex, Stocks, ETFs, Funds, Bonds, Options, Futures, CFDs
- Trading Platforms
- Web, Mobile, Desktop, TradingView
- Demo Account
- Yes
- Maximum Leverage
- 1:50
- Spread Type
- Variable
- Spread From
- 0.7 PIPS
- Commission
- $0. ($3 per side for < 50k units).
- Decimal Pricing
- 5 decimals
- Minimum Lot Size
- 0.01
- Maximum Lot Size
- 100
- Swap Free Account
- No
- Managed Account
- Yes
- PAMM / MAM Trading
- Yes
- Joint Account
- Yes
- Social / Copy Trading
- No
- Hedging
- Yes
- Scalping
- Yes
- One Click Trading
- Yes
- OCO Orders
- Yes
- Trailing Stop Loss
- Yes
- API Access
- Yes
- VPS Hosting
- Yes
- Bonuses
- No
- Contests
- No
- Headquarters
- Philip Heymans Alle 15, 2900 Hellerup, Denmark
- International Offices
- Belgium, Czech Republic, Denmark, France, Italy, India, Japan, Netherlands, Singapore, Switzerland, UAE, United Kingdom
- Languages
- Arabic, Bulgarian, Chinese, Czech, Dutch, English, French, Hungarian, Italian, Japanese, Malay, Mandarin, Russian, Swedish, Slovak, Ukranian
- Customer Support
- Email, Phone, Live Chat
Pros & Cons
Pros
- +Strong global regulatory framework
- +Easy account onboarding process
- +Multiple account base currencies
- +Extensive product offering
- +Deep global market reach
- +Low trading fees
- +Advanced proprietary trading platforms
- +Excellent research and analysis tools
Cons
- −Not listed on the stock exchange
- −No support for digital wallet payments
- −No MT4 or MT5 platform support
- −High options fees
- −High futures fees
- −No 24/7 customer service
- −Premium accounts require high deposits